“We’ve long felt that the only value of stock forecasters is to make fortune tellers look good” . Warren Buffet
The following links will take you to three recent articles (2 from the Wall Street Journal and 1 from the New York Times) warning against putting too much value in all the stock market forecasts that are made at this time of year. As the Nobel Prize winning economist Paul A. Samuelson said “The stock market has forecast nine of the last five recessions”.
Why You Shouldn’t Trust Wall Street’s Top Stocks for 2011
Making Sense of Market Forecasts
Market Predictions, With Many Grains of Salt